WEEKLY: China's BF capacity use largely stable at 79.6%

ABSTRACT

The blast furnace capacity utilization rate among 247 Chinese steel mills under Mysteel's regular survey remained largely stable over July 29-August 4, reversing from six weeks of declines, though it was up by merely 0.3 percentage point on week to 79.6%, as some steelmakers had gradually resumed operations amid recently-improved market sentiment.